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Does happiness adapt? : a longitudinal study of disability with implications for economists and judges

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Oswald, Andrew J. and Powdthavee, Nattavudh (2008) Does happiness adapt? : a longitudinal study of disability with implications for economists and judges. Journal of Public Economics, Vol.92 (No.5/6). pp. 1061-1077. doi:10.1016/j.jpubeco.2008.01.002

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Official URL: http://dx.doi.org/10.1016/j.jpubeco.2008.01.002 ...

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Abstract

This paper is an empirical study of partial hedonic adaptation. It provides longitudinal evidence that people who become disabled go on to exhibit considerable recovery in mental well-being. In fixed-effects equations we estimate the degree of hedonic adaptation at — depending on the severity of the disability — approximately 30% to 50%. Our calculations should be viewed as illustrative; more research, on other data sets, is needed. Nevertheless, we discuss potential implications of our results for economists and the courts.

Item Type: Journal Article
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH): People with disabilities, Adaptability (Psychology), Happiness, Hedonic damages
Journal or Publication Title: Journal of Public Economics
Publisher: Elsevier
ISSN: 0047-2727
Official Date: 7 January 2008
Dates:
DateEvent
7 January 2008Published
Volume: Vol.92
Number: No.5/6
Page Range: pp. 1061-1077
DOI: 10.1016/j.jpubeco.2008.01.002
Status: Peer Reviewed
Access rights to Published version: Open Access

Data sourced from Thomson Reuters' Web of Knowledge

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